Shibetoshi Nakamoto, the co-creator of Dogecoin, recently raised concerns about the market's future, stating: "There will always be a crash at some point." His comments came in response to a question about whether the stock market is currently in a bubble.

狗狗幣聯合創始人 Shibetoshi Nakamoto 最近對市場的未來表示擔憂，他表示：“在某個時候總是會崩盤。”他的評論是為了回答有關股市目前是否存在泡沫的問題。

As of July 2024, the S&P 500 has performed exceptionally well, hovering near record highs with a year-to-date return of approximately 15%. This impressive trajectory positions 2024 to be one of the best-performing years for the index in the last 25 years.

截至 2024 年 7 月，標準普爾 500 指數表現異常出色，徘徊在歷史高點附近，年初至今的回報率約為 15%。這一令人印象深刻的軌跡使 2024 年成為該指數過去 25 年來表現最好的年份之一。

The technology sector has driven this growth, with companies like Nvidia, Alphabet, Amazon, and Meta experiencing significant stock price increases. This momentum reflects strong investor confidence in the ongoing expansion of artificial intelligence and other emerging technologies.

科技業推動了這一成長，Nvidia、Alphabet、亞馬遜和 Meta 等公司的股價大幅上漲。這一勢頭反映出投資者對人工智慧和其他新興技術持續擴張的強烈信心。

In contrast, the crypto market's performance has been more varied this year. Bitcoin saw significant growth leading up to the April 2024 halving event, reaching a new all-time high. However, it has also experienced notable downward movements, with billion-dollar liquidations indicating a volatile market. Bitcoin's price chart does not resemble the "up only" trajectory seen in the S&P 500.

相較之下，今年加密貨幣市場的表現則更加多元。在 2024 年 4 月減半事件之前，比特幣出現了顯著增長，達到了歷史新高。然而，它也經歷了顯著的下行走勢，數十億美元的清算顯示市場波動。比特幣的價格圖表與標準普爾 500 指數中「只上漲」的軌跡並不相似。

For Dogecoin, the situation is even more subdued. Its year-to-date return stands at 32.6%, reflecting a less dramatic but still positive performance comparable to Bitcoin and the broader market.

對狗狗幣來說，情況更加黯淡。其年初至今的回報率為 32.6%，與比特幣和更廣泛的市場相比，其表現雖不那麼引人注目，但仍然積極。

The question remains: Will the S&P 500 continue its upward trajectory, or are we on the brink of a market correction?

問題依然存在：標準普爾 500 指數會繼續其上行趨勢，還是正處於市場調整的邊緣？